Motorola buying Symbol Technologies for $3.9 billion
Two of our favorite companies (well, more like two companies that we've heard of) have just announced that they'll be getting nice and cozy in the next few months, with cellphone giant Motorola agreeing to buy barcode-scannin', RFID-taggin' Symbol Technologies for about $3.9 billion. Besides handsets, Moto also has a significant foothold in the mobile enterprise market, and Symbol's RFID, barcode, and ruggedized PDA products will supposedly double its presence in inventory management while at the same time "being accretive to earnings," according to analyst Lawrence Harris of Oppenheimer & Company. The deal will reportedly be completed later this year or in early 2007, at which time Motorola will change the name of its new acquisition to SMBL.
Filed under: Misc. Gadgets, Handhelds, Wireless
Reader Comments (Page 1 of 1)
Mrfreezie @ Sep 19th 2006 11:19AM
well, that's nifty.
Richard @ Sep 19th 2006 12:41PM
Symbol makes some seriously heavy-duty scanners. I use one at the office for barcode verification. Super expensive, too.
Adrian @ Sep 19th 2006 4:44PM
Good...maybe now Moto will have some decent WM smartphones and PPCs. I mean yeah the Q is nice but where are the PPC w/a touchscreen?
SubGenius @ Sep 19th 2006 5:29PM
"at which time Motorola will change the name of its new acquisition to SMBL"
IF that was a joke its hilarious!
IF it is true, I pity the fools at MOTO.
RJ @ Sep 19th 2006 9:55PM
Can't wait for the new SMBL SCNR FON
If I only had print all my phone numbers on barcodes